Barclays announced on Thursday that it will cut 5,000 jobs by the end of the year, representing about 5% of its workforce. The U.K. bank has already eliminated 1,000 positions and plans to cut another 4,000 before year-end. The job reductions come as Barclays relies on artificial intelligence to perform back-office tasks. Media reports said the cuts are likely to be concentrated in its home U.K. market.
Source: Read the original article
Disclaimer: this content is for information purposes only and is not financial advice. Cryptocurrencies are highly volatile: you may lose all of your capital. Always do your own research. Legal notice
